On December 31, 2020, Oriole Company sold for $153000 an old machine having an original cost of $266000 and a book value of $113000. The terms of the sale were as follows: $40000 down payment $56500 payable on December 31 each of the next two years The agreement of sale made no mention of interest; however, 7% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2020 rounded to the nearest dollar? (The present value of an ordinary annuity of 1 at 7% for 2 years is 1.80802.)
Answers: 3
Business, 22.06.2019 22:40, songulakabulut1992
Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply
Answers: 1
Business, 23.06.2019 14:00, annekesimonsen
How do you enable developer mode on a asus chromebook
Answers: 1
Business, 23.06.2019 17:00, adwinajames
4. why do you think it is important to follow the markkula centers steps to making good decisions?
Answers: 2
On December 31, 2020, Oriole Company sold for $153000 an old machine having an original cost of $266...
Health, 02.10.2019 02:30
Computers and Technology, 02.10.2019 02:30
History, 02.10.2019 02:30